Semapa - Sociedade de Investimento e Gestão, SGPS, S.A (SEM) Fair Value & Analysis
Basic Materials · PT · Market cap €1.8B
Fair value as of: Jul 18, 2026
From 22 valuation models · updated 23 days ago
Share price +1.1% over the past month.
A solid business, screening 23% undervalued on our models.
What matters now
- Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (€18.84 to €37.86) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range €7.62 – €23.76 · fair‑value band €18.84 – €37.86 · the €22.40 price screens below the €27.50 fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A (SEM) currently trades at €22.40, while our model-based Fair Value estimate is €27.50, implying the stock looks roughly 22.8% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Semapa - Sociedade de Investimento e Gestão, SGPS, S.A generated revenue of €2.0B at a net margin of 30.9%. Revenue declined 34.4% year over year. It earns a return on equity of 5.6%. Net debt stands at €1.0B. Fundamentals as of Jul 18, 2026
Our scenario range runs from €18.84 (bear case) to €37.86 (bull case); at €22.40, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 23%, SEM screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 22 models by family
Widest divergence: Multiples (€33.33) versus Earnings-Based (€0.6500). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 77
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A., through its subsidiaries, engages in the production and sale of pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania. It operates through Pulp and Paper, Cement, and Other Businesses segments.
Full company description
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A., through its subsidiaries, engages in the production and sale of pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania. It operates through Pulp and Paper, Cement, and Other Businesses segments. The company produces and sells writing and printing thin paper, tissue paper, and moulded fibre packaging; researches, develops, produces, and sells forestry and agricultural products; and produces and sells bleached eucalyptus kraft pulp (BEKP), cork, and pine wood products, as well as electric and thermal energy. It is also involved in the production and sale of cement, ready-mixed concrete, aggregates, mortars, precast concrete, and hydraulic lime. In addition, the company engages in the production of aluminium e-bike frames; and the provision of services related to the recovery of animal by-products and food products containing animal-origin substances to produce fertilizers, animal feed, and biodiesel. The company was incorporated in 1991 and is based in Lisbon, Portugal.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A reported revenue of €2.1B in FY2025 versus €2.1B in FY2021, a compound −0.2%/yr. Reported net income was €157M in FY2025, compounding −5.7%/yr from FY2021.
Watch SEM: get an alert when its fair value changes →
Peer Group
Paper & Paper Products · 113 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Paper & Paper Products median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Klabin S.A KLBN11 | R$17.58 | R$3.89 | -78% |
| UPM-Kymmene Oyj UPM | €23.45 | €15.47 | -34% |
| Suzano S.A SUZB3 | R$41.70 | R$138.01 | +231% |
| Svenska Cellulosa Aktiebolaget SCA (publ) SCAB | kr 103.00 | kr 49.40 | -52% |
| Shandong Sunpaper Co 002078 | ¥14.13 | ¥17.29 | +22% |
| Holmen AB HOLMB | kr 305.40 | kr 217.72 | -29% |
| Nine Dragons Paper (Holdings) Limited 2689 | HK$7.55 | HK$8.73 | +16% |
| Empresas CMPC S.A CMPC | 1,078 CLP | 1,269 CLP | +18% |
| Xianhe Co 603733 | ¥22.05 | ¥24.32 | +10% |
| Billerud AB BILL | kr 68.70 | kr 48.60 | -29% |
Compare Semapa - Sociedade de Investimento e Gestão, SGPS, S.A with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Semapa - Sociedade de Investimento e Gestão, SGPS, S.A (SEM) overvalued or undervalued?
What is the fair value of SEM?
What is the quality score of SEM?
What is the revenue of Semapa - Sociedade de Investimento e Gestão, SGPS, S.A (SEM)?
What is the net profit margin of SEM?
Does Semapa - Sociedade de Investimento e Gestão, SGPS, S.A pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Semapa - Sociedade de Investimento e Gestão, SGPS, S.A and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.